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Identify the incorrect statement concerning globalization. A. It has been blamed for unemployment in developed nations, environm

konstantin123 [22]

Answer:

C. It is transforming industries and is highly welcomed by those who believed their jobs were protected from foreign competition.

Explanation:

Globalization is integration of world economies. it has created threat to the employment opportunities in the developed countries since the large number of jobs are being outsourced to other countries.

3 0

3 years ago

George Washburn had earnings from his salary of $34,000, interest on savings of $800, a contribution to a traditional individual

elena-s [515]

Answer:

$33,900 (none of the options given in the question are correct).

Explanation:

George's adjusted gross income (AGI) will include his personal earnings from his salary, the interest that he has earned from savings, and the dividends that he got from mutual funds, but it will not include his contribution to his individual retirement account, because individual retirement accounts are not included in AGI.

Therefore, George's AGI is equal to:

$34,000 + $800 + $600 - $1,500 = $33.900

4 0

3 years ago

An establishment has three departments with variable costs as a percentage of sales revenue of 30 percent, 40 percent, and 50 pe

zalisa [80]

Answer:

60 percent

Explanation:

Contribution margin refers to the revenue a firm derives after deducting the variable cost it has incurred.

Contribution margin = Sales - Variable costs

Contribution margin or contribution to sales ratio represents the percentage of contribution a firm earns from the sale of it's output.

It is represented mathematically as,

= $\frac{Contribution\ margin}{Sales}$

Also, contribution margin ratio = 100 - variable cost ratio percentage.

Hence, contribution margin for three departments would be:

A = 100 - 30% = 70%

B = 100 - 40% = 60%

C = 100- 50% = 50%

This represents if sales revenue is 100, contribution margin earned is 70, 60 and 50 under three cases.

Since sales revenue in all three departments is the same, let us assume the sales revenue of a department as y.

$\frac{0.70y\ +\ 0.60y\ +\ 0.50y}{3y}$

Thus, weighted average contribution margin would be, 60 percent

7 0

2 years ago

Sandblasting equipment acquired at a cost of $40,000 has an estimated residual value of $8,000 and an estimated useful life of e

marta [7]

Answer:

a. $3,000 ; $4,000

b. $7,500 ; $8,125

Explanation:

The computation of the depreciation expense under each method is shown below:

a) Straight-line method:

= (Original cost - residual value) ÷ (useful life)

For year 1

= ($40,000 - $8,000) ÷ (8 years)

= ($32,000) ÷ (4 years)

= $4,000

In the first year, the nine months depreciation would be charged

= $4,000 × 9 months ÷ 12 months

= $3,000

The 9 months is calculated from April 1 to December 31

In this method, the depreciation is same for all the remaining useful life

So, in year 2, the depreciation expense is $4,000

(b) Double-declining balance method:

First we have to find the depreciation rate which is shown below:

= Percentage ÷ useful life

= 100 ÷ 8

= 12.5%

So, the rate would be double i.e 25%

In year 1, the original cost is $40,000, so the depreciation expense is

= $40,000 × 25% × 9 months ÷ 12 months

= $7,500

The 9 months is calculated from April 1 to December 31

And, in year 2, the depreciation expense would be

= ($40,000 - $7,500) × 25%

= $8,125

5 0

2 years ago

O’Bryan Company began the year with a balance of $18,000 in Salaries and Wages Payable and ended the year with $11,000 in the ac

Sidana [21]

Answer:

cash payments for salaries and wages = $98,000

correct option is $98,000

Explanation:

given data

began salaries payable = $ 18,000

closing salaries payable = $ 11,000

Entity incurred expense = $ 91,000

to find out

O’Bryan will report cash payments for salaries and wages

solution

we get here cash payments for salaries and wages that is express as

cash payments for salaries and wages = began salaries payable - closing salaries payable + Entity incurred expense ..................1

put here value we get

cash payments for salaries and wages = $18000 - $11000 + $91000

cash payments for salaries and wages = $98,000

correct option is $98,000

8 0

2 years ago